News archive from 17 July 2013

Billabong head quits in $294m lifeline deal

Still standing: A consortium is injecting capital into Billabong to refinance its debts. Photo: Glen Hunt Billabong International chief executive Launa Inman will step down after just 13 months in the role as part of a complex $294 million refinancing...

 

Yahoo trims 2013 sales outlook as CEO Mayer's effort falters

Yahoo has trimmed its outlook for 2013 revenue after reporting ongoing reductions in display advertising sales volume and prices in the second quarter, signs that CEO Marissa Mayer's attempts to revive the struggling internet giant may not produce...

 
Billabong head quits in $294m lifeline deal

Billabong head quits in $294m lifeline deal

Still standing: A consortium is injecting capital into Billabong to refinance its debts. Photo: Glen Hunt Billabong International chief executive Launa Inman will step down after just 13 months in the role as part of a complex $294 million refinancing...

TheAge, 09:08 in Business
 

Yahoo trims 2013 sales outlook as CEO Mayer's effort falters

Yahoo CEO Marissa Mayer ... her attempts to revive the struggling web giant may not produce quick results. Photo: AP Yahoo has trimmed its outlook for 2013 revenue after reporting ongoing reductions in display advertising sales volume and prices in...

TheAge, 09:08 in Business
 
Yahoo! results show mixed picture for Mayer

Yahoo! results show mixed picture for Mayer

YAHOO! says its profit in the second quarter rose sharply from a year ago, but revenues lagged, offering a mixed picture for chief executive Marissa Mayer's turnaround efforts. The net profit rose 46 per cent from a year ago to $US331 million ($365.14...

 
US markets slip as investors wait for Bernanke testimony

US markets slip as investors wait for Bernanke testimony

Stocks retreated and the US dollar slipped amid a cautious mood on Wall StreetĀ before testimony from US Federal Reserve Chairman Ben Bernanke on Capitol Hill tonight.There has been a large build up to Mr Bernanke's two-day testimony as investors wait...

ABC News, 09:13 in Business
 
Thousands without power after storm hits Perth

Thousands without power after storm hits Perth

Emergency services are assessing the damage from a storm over the southern half of the state overnight.The State Emergency Service received more than 130 calls for help, mainly for roof damage, uprooted trees and flooding. The Bureau of Meteorology...

ABC News, 09:13 in Business
 
Billabong head quits in $294m lifeline deal

Billabong head quits in $294m lifeline deal

Billabong International chief executive Launa Inman will step down after just 13 months in the role as part of a complex $294 million refinancing deal giving the struggling surfwear group a lifeline. A consortium led by private-equity interest...

 
Yahoo trims 2013 sales outlook as CEO Mayer's effort falters

Yahoo trims 2013 sales outlook as CEO Mayer's effort falters

Yahoo has trimmed its outlook for 2013 revenue after reporting ongoing reductions in display advertising sales volume and prices in the second quarter, signs that CEO Marissa Mayer's attempts to revive the struggling internet giant may not produce...

 

Yahoo trims 2013 sales outlook as CEO Mayer's effort falters

The company is now forecasting revenue of $US4.45 billion ($4.81 billion) to $US4.55 billion this year, down from $US4.5 billion to $US4.6 billion previously. Yahoo also reported that second-quarter net revenue was down slightly at $US1.071 billion,...

 

Inflation shows signs of stability after downward drift

While inflation remains benign, the increase last month should help ease worries among some Fed officials that price pressures in the economy were too low. "Inflation is carving out a bottom. We are likely to see inflation tick up slightly in the...

 

BHP iron ore strong but petroleum slips: results

Iron ore remains BHP's biggest money spinner and today's numbers show that Jimmy Wilson's first year in charge of the division was a strong one. BHP had previously forecast full-year iron ore production of 183 million tonnes, including third-party...

 

Foster's polishes Crown after successful VB revamp

The first batch of the reformulated beer was brewed last week and it was expected to hit the shops soon. The price of Crown Lager would not change, said Ari Mervis, Foster's boss and CEO of SABMiller Asia Pacific. The new Crown Lager complements a...

 
BHP reports another record iron ore output

BHP reports another record iron ore output

The world's biggest mining company has reported another record rise in iron ore output and at many of its Australian coal mines.BHP Billiton's 2013 annual production report shows the mining giant recorded a 17 per cent increase in iron ore production...

ABC News, 09:36 in Business
 

Yahoo trims 2013 sales outlook as CEO Mayer's effort falters

The company is now forecasting revenue of $US4.45 billion ($4.81 billion) to $US4.55 billion this year, down from $US4.5 billion to $US4.6 billion previously. Yahoo also reported that second-quarter net revenue was down slightly at $US1.071 billion,...

 
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